Sold with a Click

The Rise of the Online Auction  Most people in the GCC are fully aware of what an auction is nowadays, with regular sales of contractors’ plants, number plates, vehicles, camels and fine art held across the region. However, the online auction is a relatively new concept to the region. Online auctions are carried out similarly […]

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The Importance of Valuation: an interview with Patrick Ditcham

As the region’s construction and equipment market matures further and increase global compliance, machinery and assets valuation is assuming greater importance than ever before. Cavendish Maxwell’s Patrick Ditcham, tells CMME how his company making the most of the situation. As every equipment and fleet owner knows. your machinery is only as valuable as the project it […]

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Commercial insurance

Commercial insurance is vital for businesses to be fully insured and protected should the worst-case scenario happen. The commercial insurance plans can vary, however generally they cover the cost of rebuilding or repairing equipment, machinery, business premises and replacing stock. The risks facing businesses include fire, theft, weather damage, flooding, burst pipes and overall damage. […]

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IASB finalises fundamental overhaul of insurance accounting

Alert by IFRS The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS® Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004. […]

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